Issuer |
PNC Funding Corp | |
Guarantor |
The PNC Financial Services Group, Inc. | |
Expected Ratings |
A3 / A- / A- | |
Note Type |
Subordinated Notes | |
Trade Date |
February 1, 2007 | |
Settlement Date (T+5 days) |
February 8, 2007 | |
Maturity Date |
February 1, 2017 | |
Principal Amount |
$600,000,000 | |
Price to Investors |
99.549% | |
Net Proceeds |
$595,044,000 | |
Pricing Benchmark |
4.625% UST due 11/2016 | |
Benchmark Yield |
4.835% | |
Spread to Benchmark |
T+85 bps | |
Re-offer Yield |
5.685% | |
Coupon |
5.625% per annum | |
Interest Payment Dates |
Semi-annually on each February 1 and August 1 of each year, commencing August 1, 2007 and ending on the Maturity Date | |
Day Count Convention |
30/360 | |
Denominations |
Minimum denominations of $1,000 with increments of $1,000 thereafter | |
Bookrunners |
Citigroup Global Markets Inc., Goldman, Sachs & Co. | |
Billing and Delivery Agent |
Goldman, Sachs & Co. | |
CUSIP Number |
693476BB8 |